Special Report: Europe's Debilitating Deja Vu

2011-10-05T06:00:36Z

How a host of divisions caused a seemingly unending string of setbacks to a deal for a new Greek bailout. First of three parts.

By Luke Baker, Paul Taylor and Dina Kyriakidou

BRUSSELS (Reuters) -...

EU says 420 billion euros injected into Europe's banks

2011-09-23T04:00:29Z

BRUSSELS (Reuters) - European banks have already received 420 billion euros in funds to help recapitalize and are in a much better shape than three years ago, the European Commission said on Friday.

"The recapitalization of European banks is something that is ong...

EU's Van Rompuy calls emergency debt crisis talks

2011-07-10T05:30:05Z

BRUSSELS (Reuters) - European Council President Herman Van Rompuy has convened an emergency meeting of top EU officials for Monday morning to discuss efforts to assemble a second rescue package for

Trichet flags ECB rate rise with "strong vigilance"

2011-06-30T02:00:33Z

BRUSSELS (Reuters) - Jean-Claude Trichet scotched speculation on Thursday that the European Central Bank may delay interest rate rises because of DUBLIN (Reuters) - Allied Irish Banks' junior bondholders will have to take a big hit in a future restructuring, the European Commission warned on Tuesday ...

EU to change treaty for new euro rescue plan

2010-12-17T01:01:04Z

EU leaders agree to change treaty to protect euro but refuse to boost current bailout fund

European Union leaders are changing the treaty that underpins the bloc to make room for a huge new rescue system for countries that get into debt trouble in the long term. But they aren't ready to beef up the bailout fund they have in place today.

That resistance to bold, fast moves now — led by

EU decision on support for banks due November: commissioner

2010-09-04T10:20:16Z

Brussels will say in November if it is to extend support for troubled European banks, but will move more quickly on the troubled Anglo Irish Bank, the EU's competition commissioner said Saturday.

"We are now starting the analysis on what to do beyond the 3...

Spanish unions set date for general strike

2010-06-15T11:31:12Z

Spanish unions Tuesday set September 29 as the date for a general strike to protest a government plan aimed at overhauling the labour market and easing fears in financial markets over the fragile economy.

The date coincides with a European "day of action" which will have as its focal point a protest at a meeting of EU finance ministers scheduled the same day in Brussels.

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EU's Barnier seeks 'credible' controls for banks

2010-04-16T11:15:59Z

Europe's financial services chief called on Friday for "credible" banking controls to be imposed from Brussels, warning a resistant industry it was unacceptable for taxpayers to pick up the tab for their errors.

"If we get to the point, which we're not at yet, where we build a truly efficient and credible system of supervision, surveillance and prevention of future crises, I will take that i...

EU agrees pan-European financial oversight deal

2010-04-16T08:44:30Z

European Union finance ministers agreed on Wednesday a compromise deal for pan-European oversight of banks, insurers and markets, a diplomatic source said.

"The ministers have reached an agreement," overcoming strong reservations from Britain, fearful that supervision of the powerful City of London fr...

Major business events scheduled for Friday

2010-04-16T11:22:01Z

Calendar of major business events scheduled for Friday

Major business events and economic events scheduled for Friday:

WASHINGTON — Commerce Department releases housing starts for June, 8:30 a.m.

CHARLOTTE, N.C. — Bank of Americ...

US denies economic rift with Europe

2010-04-16T16:09:20Z

The White House Monday denied a rift with Europe over whether economic stimulus or regulatory reform offers the best path to revival ahead of a G20 summit in London next month.

"Our efforts at the G20 in London will focus on a number of subjects, both financial regulation and economic stimulus, largely because ther...

Germany Faces Down European Isolation

2010-10-21T09:46:42Z

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Ireland's Latest Woe: Pork Panic

2010-10-21T09:46:32Z

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Car bailout hopes rise as EU and China plot next moves

2010-10-23T16:11:57Z

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Under fire, EU offers softer line on bank bailouts

2010-04-16T14:01:49Z

The European Commission, accused of being too "bureaucratic," caved into pressure from EU governments on Tuesday to take a softer line on state bailouts of troubled banks.

Europe's state aid watchdog pledged to revise its "guidelines" for assessing whether emergency rescues are in line with EU state aid and com...

Brown bail-out under threat as bank seeks better deal

2010-06-12T03:21:35Z

Gordon Brown's lauded banking bail-out risked unravelling last night as Lloyds TSB lobbied the government to ease the repayment conditions attached to an emergency injection of taxpayers' money.

The urgent attempt to renegotiate parts of the bail-out terms - and allow rescued banks to pay a dividend to their shareholders - came as the stock market wipe...

European Commission keen for more market co-operation

2010-04-16T16:44:20Z

The European Commission hopes to exploit the banking crisis to launch a new regime of pan-European regulation and supervision of financial markets.

As Brussels and leading EU states yesterday praised Gordon Brown's rescue plan for the banking sector...

Belgian Sept PPI up 0.4 pct vs Aug, up 2.5 pct yr-on-yr

2010-10-16T07:59:37Z

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Lifestyles Outsourcing Self Control

2010-12-30T10:30:45Z

This product image courtesy of Happiness Brussels shows the Slow Down app being used on an iPhone. Slow Down alters the tempo of your music on an iPhone or iPod Touch, depending on your driving speed. Using GPS, the music slows down if you're rocking out at the speed limit and stops altogether when you've exceeded it. (AP Photo/...

Belgium Europe Weather

2010-12-25T04:31:20Z

Three people sleep in a shop at Zaventem airport in Brussels on Friday, Dec. 24, 2010. A new batch of snow caused air traffic chaos in Belgium on Friday, with its main airport either canceling or delaying many flights. (AP Photo/Virginia Mayo)

APTOPIX Belgium Europe Weather

2010-12-25T04:31:18Z

A man sleeps at a ticket check in at Zaventem airport in Brussels on Friday, Dec. 24, 2010. A new crop of snow caused air traffic chaos in Belgium on Friday, with its main airport either canceling or delaying many flights. (AP Photo/Virginia Mayo)